Third Point LLC, the hedge fund that owns 5.8 percent of Yahoo, is taking its case against the company's current strategy to the shareholders. Specifically, the fund is asking shareholders to vote in an alternate slate of directors in an attempt to oversee new CEO Scott Thompson as he struggles to turn the company around.
Yahoo snagged Thompson from eBay in January following last September's ouster of former CEO Carol Bartz. Co-founder Jerry Yang resigned shortly afterwards, while several board members announced that they would not seek re-election this year.
But those changes weren't enough to … Read more